Apex Group Partners with Omnes for Tokenised Bitcoin Mining Note

Apex Group, a global financial services provider with roots in Bermuda, has announced a strategic partnership with Omnes to tokenise its Omnes Mining Note (OMN).

The OMN is a structured note backed by bitcoin hashrate, which allows institutional investors to gain direct economic exposure to new bitcoin production. This exposure is measured in hashrate, the computational power used to validate transactions and produce bitcoin.

According to Peter Hughes, founder and CEO of Apex Group, tokenisation provides investors with mobility and utility that traditional notes cannot. Qualified investors can transfer OMN on chain and potentially use it as a form of collateral in permissioned lending without selling the asset.